Archive for September, 2007
Hi all,
I came home usual time to see that the market has really moved along today.. the daily trend is bullish and I should really only look at longs in the market.
However, at approximately 6.30pm or so, the S&P emini made an intraday high and had started to ease off (see vertical blue arrow on chart).. if you look at the volume also, you can see the exhaustion volume pattern which I saw yesterday also. This usually indicates a reversal but the market has moved so strong north that
September 13, 2007
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Hi All,
Well, I got home today at around 6.30pm GMT and was feeling quite refreshed after a nice nap on the tube train!
I made 4 trades today. The first trade was a short at 147300 around 6.30pm.. yep, perhaps a bit hasty. The market looked like it was heading lower and this was the second retracement on it's way down. I was hoping for a significant move as you usually get a decent move around 6.30 - 7pm GMT.. the trade did go down initially but found support at 147100 and then bounced u
September 12, 2007
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Hi All,
The markets started off with a market sell off. For those that were able to catch this.. there was a very nice profit to be made.
However, as you know.. I work a 9 to 5 job and come back around 6.30 - 7pm GMT time and can only catch the evening trading session (or the afternoon trading session if you're looking at it from the US slant)
What I saw was a bounce from the lows and it had already bounced off the 50% Fibonacci level at 145300.. ah ha, I thought. I had missed the crux
September 11, 2007
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